DOT will spend $3.5 million to fund innovative transportation projects
The U.S. Department of Transportation (DOT) will make available $3.5 million in funding for innovative research that will help to enhance the safety and efficiency of the U.S. transportation system, and is asking small businesses to submit their project ideas.
The Small Business Innovation Research (SBIR) program encourages small business to engage in research and development activities that have the potential to produce commercially viable applications as well as meet federal research objectives. The program is administered by the Volpe National Transportation Systems Center, a part of DOT’s newly created Research and Innovative Technology Administration (RITA).
“We’re looking for good transportation ideas with the potential to become great transportation breakthroughs,” says U.S. Transportation Secretary Norman Y. Mineta.
DOT is one of 11 federal agencies that provides research and development funds to the entrepreneurial sector for innovative proposals. Although small businesses are a frequent source of innovation, many lack funds to support their research. The SBIR awards help fund the research through the start-up and development stage, and also encourage commercialization of the resulting products.
Proposals from U.S.-owned businesses of no more than 500 employees are due by May 16, 2005. Research awards will be made in October. Solicitation materials can be downloaded online from http://www.volpe.dot.gov/sbir/sol05/download.html.
